Sold for $2,035,000

Listed by: Morgan Skenderian • Rick Applebaum • Contact: 949-251-8800

Bought with: Realty One Group United

$2,035,000

2521 E 7th St, Long Beach, CA 90804

24beds

17baths

9,358sqft

Multi Family

Built in 1963

-- sqft lot

$2,045,300 Zestimate^®

$217/sqft

$2,259 Estimated rent

Home value

$2,045,300

$1.86M - $2.25M

$2,259/mo

Zestimate^® history

Owner options

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$2,259/mo

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$2,259/mo

Rent Zestimate^®

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$13,131/mo

Est. payment

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$13,131/mo

Est. payment

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What's special

Well-appointed unitsElectrical panelsNewer windows

Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $232.42 and $217,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 17

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 9,358
Total interior livable area: 9,358 sqft

Property

Parking

Total spaces: 5
Parking features: Garage
Garage spaces: 5

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 7,322 Square Feet

Details

Parcel number: 7262019023
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Gutter(s), Sidewalks

Location

Region: Long Beach

Financial & listing details

Price per square foot: $217/sqft
Annual tax amount: $29,101
Date on market: 10/28/2024
Cumulative days on market: 247 days
Listing terms: Cash,Cash to New Loan,Conventional
Total actual rent: 14165

Price history

Date	Event	Price
11/5/2025	Sold	$2,035,000-6.4%$217/sqft
Source: CRMLS #PW24222928 Report a problem
8/25/2025	Pending sale	$2,175,000$232/sqft
Source: CRMLS #PW24222928 Report a problem
5/19/2025	Price change	$2,175,000-5.2%$232/sqft
Source: CRMLS #PW24222928 Report a problem
1/31/2025	Price change	$2,295,000-8.2%$245/sqft
Source: CRMLS #PW24222928 Report a problem
10/28/2024	Listed for sale	$2,500,000$267/sqft
Source: CRMLS #PW24222928 Report a problem